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Background risk and self-protection
被引:7
|作者:
Lee, Kangoh
[1
]
机构:
[1] San Diego State Univ, Dept Econ, San Diego, CA 92182 USA
关键词:
Self-protection;
Background risk;
Prudence;
OPTIMAL INSURANCE;
AVERSION;
WEALTH;
D O I:
10.1016/j.econlet.2011.10.018
中图分类号:
F [经济];
学科分类号:
02 ;
摘要:
The presence of background risk increases self-protection effort or caution as long as an agent is prudent. In addition, the result extends to monetary self-protection investment if wealth and consumption are complements. (C) 2011 Elsevier B.V. All rights reserved.
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页码:262 / 264
页数:3
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